As we approach 2023, it is important for those wishing to relocate their tax domicile to Shenzhen to be aware of the requirements needed to do so. Applicants must meet the following conditions in order to be eligible:
1. Individuals who are legal representatives or responsible persons of companies who have accumulated a total tax payment of over 3 million RMB in the last three tax years.
2. Sole proprietors who have had accumulated tax payments of over 600,000 RMB in the past three years, or natural person shareholders of limited liability companies who have had their tax payment proportional to their investment exceed 600,000 RMB in the past three years.
3. Individual business operators who have had accumulated tax payments of over 300,000 RMB in the past three years.
4. Individuals who have legally paid a personal income tax of over 240,000 RMB while working in Shenzhen.
In addition, applicants must be under the age of 50 (or under 55 if their tax payment exceeds the required amount), have a household registration book indicating that they are not working for a government agency or public institution, have no record of involvement in illegal organizations, and have the relevant documents such as a tax payment certificate, proof of business registration, household registration book, ID card, and marriage certificate (if applicable).
The process of relocating one's tax domicile usually takes 1-2 months, so it is important to prepare all necessary documents in advance.